Answer:
A
Explanation:
Hope this helps you. sorry if wrong.
Answer:
The correct answer is letter "B": The statement presents the fallacy of composition.
Explanation:
The Fallacy of composition refers to a fallacy by which an individual believes that something is true just because part of the whole is true. Typically, this type of belief leads to mistaken conclusions because what might be right for one person does not necessarily is right for others.
Answer:
1. Sep 09
Dr Petty cash $410
Cr Cash $410
2. Sep 30
Dr Merchandise inventory $59
Dr Postage expense $74
Dr Miscellaneous expenses $144
Dr Cash short and over $13
Cr Cash $290
3. Oct 01
Dr Petty cash $30
Cr Cash $30
Explanation:
1-Preparation of the journal entry to establish the Petty Cash fund
Sep 09
Dr Petty cash $410
Cr Cash $410
2- Preparation of the journal entry to Record the reimbursement of the petty cash fund.
Sep 30
Dr Merchandise inventory $59
Dr Postage expense $74
Dr Miscellaneous expenses $144
Dr Cash short and over $13
Cr Cash $290
($59+$74+144+$13)
3- Preparation of the journal entry to Record the increase of the petty cash fund
Oct 01
Dr Petty cash $30
Cr Cash $30
($410-$440)
Answer:
C : $50,050
Explanation:
Budgeted sales: $400,000
Budgeted Comission expense: $16,000
Budgeted shipping expenses: $4,500
Budgeted marketing costs: $12,000
Budgeted utility bills: $750
Budgeted depreciation expense: $8,800
Budgeted bad expense: $8,000
The sum of all those expenses is $50,050.
The totality of the expeneses listed in the question are part of the budgeted income statement, except for the budgeted revenue, because it is obviously not a expense.
